In its filing, Yoma said its business services including Wave Money, the KFC and YKKO restaurants, and the group's logistics businesses have resumed operations as cities in Myanmar remained calm as at the time of the announcement.
Memories said its Awei Metta hotel remains open and continues to receive guests, while the group has refocused its sales and marketing efforts towards the domestic market as the Covid-19 pandemic has already greatly affected the tourism sector in Myanmar. Memories said that while it is still too early to assess the impacts of Myanmar's political crisis on its tourism business, it could be"reasonably assumed that interest of tourists from Western countries would be dampened in the near future".
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